US economist calls financial crisis worst since 1930s

Dollars tough to sell

The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.

http://www.reuters.com/article/oddlyEnoughNews/idUSL1758265520080319



US economist calls financial crisis worst since 1930s

The current financial crisis is the worst the world has seen since the Great Depression of the 1930s and the US Federal Reserve move to cut interest rates will not make much difference, the Nobel Prize winning economist Joseph Stiglitz said on Wednesday.

http://tinyurl.com/yws9w9



World trade decelerates almost to a standstill

Global trade slowed almost to a standstill over the new year, threatening to shrink for the first time since the US economy went into recession in 2001.

http://www.ft.com/cms/s/0/a6d4b338-f61e-11dc-8d3d-000077b07658.html



Lehman sees risk of double-dip U.S. recession

Investors already coming to grips with the prospect of a looming U.S. recession face the even bleaker notion of a "double-dip" economic downturn, U.S. investment bank Lehman Brothers (LEH.N: Quote, Profile, Research) said on Thursday.

http://www.reuters.com/article/fundsFundsNews/idUSN2040072420080320?rpc=401&



Jim Rogers: FED is using taxpayers money to buy Bear Sterns Maseratis

Video
http://www.youtube.com/watch?v=wXUU_lyb0Lc



US leading index tumbles for fifth straight month

The US leading index fell by 0.3 per cent and six of the 10 economic indicators that form the index were down on the month, the New York-based Conference Board said.

http://tinyurl.com/249fkt



Factory and other data adds evidence of recession

Evidence of a U.S. recession mounted today with reports showing Mid-Atlantic factory activity in its worst slump since the start of the Iraq war and more workers claiming jobless benefits.

http://www.latimes.com/business/la-fi-jobless21mar21,1,7129640.story



Jobless benefit rolls hit 3-1/2 year high

The number of U.S. workers filing initial claims for unemployment aid climbed 22,000 last week, while the overall number on the benefit rolls hit a 3-1/2 year high a week earlier, the government said on Thursday.

http://tinyurl.com/ytb6ww


From Information Clearing House

--------

Printing money for Wall Street

Acton Institute
by Oskari Juurikkala

The global financial system is in a deepening crisis, largely due to greedy gambles with complex financial derivatives. The bailout of Bear Stearns Cos., in which the Fed provided $30 billion loan to J.P. Morgan Chase to acquire the investment bank, is only the latest — and probably not the last — rescue mission from the central bank. Overall, the response of the Bernanke-led Federal Reserve to the global financial meltdown has been exceedingly simple: lower interest rates....

http://tinyurl.com/2he563


Informant: Thomas L. Knapp



http://freepage.twoday.net/search?q=dollar+value
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=Great+Depression
http://freepage.twoday.net/search?q=Stiglitz
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=Bear+Stearns
http://freepage.twoday.net/search?q=Jim+Rogers
http://freepage.twoday.net/search?q=jobless
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=derivatives
http://freepage.twoday.net/search?q=Bernanke
http://freepage.twoday.net/search?q=Federal+Reserve
http://freepage.twoday.net/search?q=meltdown

World-News

Independent Media Source

User Status

Du bist nicht angemeldet.

Suche

 

Aktuelle Beiträge

Trump and His Allies...
https://www.commondreams.o rg/views/2022/06/21/trump- and-his-allies-are-clear-a nd-present-danger-american -democracy?utm_source=dail y_newsletter&utm_medium=Em ail&utm_campaign=daily_new sletter_op
rudkla - 22. Jun, 05:09
The Republican Party...
https://truthout.org/artic les/the-republican-party-i s-still-doing-donald-trump s-bidding/?eType=EmailBlas tContent&eId=804d4873-50dd -4c1b-82a5-f465ac3742ce
rudkla - 26. Apr, 05:36
January 6 Committee Says...
https://truthout.org/artic les/jan-6-committee-says-t rump-engaged-in-criminal-c onspiracy-to-undo-election /?eType=EmailBlastContent& eId=552e5725-9297-4a7c-a21 4-53c8c51615a3
rudkla - 4. Mär, 05:38
Georgia Republicans Are...
https://www.commondreams.o rg/views/2022/02/14/georgi a-republicans-are-delibera tely-attacking-voting-righ ts
rudkla - 15. Feb, 05:03
Now Every Day Is January...
https://www.commondreams.o rg/views/2022/02/07/now-ev ery-day-january-6-trump-ta rgets-vote-counters
rudkla - 8. Feb, 05:41

Archiv

März 2008
Mo
Di
Mi
Do
Fr
Sa
So
 
 
 
 
 
 
 
 
 
 
 
 

Status

Online seit 6853 Tagen
Zuletzt aktualisiert: 22. Jun, 05:09

Credits


Afghanistan
Animal Protection - Tierschutz
AUFBRUCH für Bürgerrechte, Freiheit und Gesundheit
Big Brother - NWO
Brasilien-Brasil
Britain
Canada
Care2 Connect
Chemtrails
Civil Rights - Buergerrechte - Politik
Cuts in Social Welfare - Sozialabbau
Cybermobbing
Datenschutzerklärung
Death Penalty - Todesstrafe
Depleted Uranium Poisoning (D.U.)
Disclaimer - Haftungsausschluss
... weitere
Profil
Abmelden
Weblog abonnieren